RE: Can Insider.. Any explanations here?I saw that earlier...
I think what he is doing is selling in advance of exercising his options to lock in a price. Say, for example, he has 8,000 options to buy at $1.50. The current price is at $2.20. What he is doing is short selling (it's a covered short sale) 8,000 shares at $2.20 fully expecting to exercise his options at $1.50 soon thereafter in order to cover his short. He is therefore locking in a (2.20-1.50) X 8,000 = $5,600 gain.
Just a timing issue, really...
Not sure whether the options were vested when he decided to short sell. If not, that would confirm the logic of the strategy...